In what instances would I breach the stop-loss obligation rule?

You would breach the stop-loss obligation rule in the following instances:

1. Failure to set a stop-loss: A stop-loss is required for every position to control potential losses. If you enter a trade and fail to set a stop-loss, it is a violation of the rule.
2. Not setting a stop-loss within 5 minutes: Traders have 5 minutes from entering a trade to set a stop-loss. If the stop-loss is not set within this time frame, it is a breach of the rule.
3. Potential loss: The maximum risk per position is limited to 3% of the initial account balance. If you set a stop loss that would result in risking more than 3% of your account balance, it is considered a violation of the rule. A potential loss of 3% is immediately activated once the stop loss (SL) is set.